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F. David Minbashian

Elliott wave: Fact or fiction? by F. David Minbashian

ARTICLE SYNOPSIS ...Elliott wave: Fact or fiction? by F. David Minbashian
Using concepts from the elegant new science of chaotic dynamics, I was writing an essay to show as simply as I could arguing how commodity and stock prices follow a path of motion without any patterns. As I arrived at my conclusion, I could almost hear the hue and cry of disagreement from avid followers of R. N. Elliott only too eager to show me the vast profits they have amassed using his theory, for the Elliott wave principle is nothing if not a grand pattern by which prices are supposed to unfold. If you are one of those followers, don'...